Monday, 16 September 2013

Mining Jurisdiction Risk - Mexico Raises Mining Royalties

A reminder of the importance of jurisdiction in selecting mining investments.
I have seen previous discussion of the risk that Mexico will suffer from a heavy dependency on declining oil exports and will look to the mining sector to compensate.
It appears this process may be starting with a 7.5% royalty plus 0.5% sales tax. HERE
This on the same day as Torex announced resources and potential at Media Luna

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